All articles by Carlo Svaluto Moreolo – Page 32
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Country Report
Italy: ENPAM gets back into gear
Embroiled in a scandal in 2011, has ENPAM now turned the corner? Carlo Svaluto Moreolo reports The ENPAM pension fund for medical professionals published its balance sheet in May, reassuring members that the dark days of the past are finally over. In 2012 the fund recorded a €1.3bn budget surplus ...
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Country Report
Italy: Mangusta Risk advocates pension funds spend more time on passive portfolios
Any adviser, large or small, would have seen an opportunity when the Italian pension market opened up less than 20 years ago, with the establishment of many new medium and large-sized pension schemes.
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Country Report
Italy: A mixed picture
Carlo Svaluto Moreolo outlines the disappointing membership figures in COVIP’s latest annual report, which overshadow a healthy 9% increase in overall pension AUM
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Country Report
Italy: Governance hopes
Carlo Svaluto Moreolo spoke to senior figures at the Cometa and Fonchim closed pension funds about their plans and thoughts about the market
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Country Report
Italy: Lessons from ENPAM
The ENPAM pension fund for medical professionals made the headlines last year after concerned members alerted the press to alleged wrong-doing. Carlo Svaluto Moreolo sheds light on a matter that has seen the former chairman under investigation for fraud and which also raises questions about transparency and governance at some Italian pension schemes
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Country Report
Italy: Uncertainty reigns supreme
The Italian pension sector is facing a period of overdue reform, the second-pillar needs strenghtening and the restrictive law 703 hampers investment decisions. But Carlo Svaluto Moreolo wonders if the government has any desire for change
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Country Report
Italy: The guard changes at Cometa
As Fabio Ortolani steps down from the Cometa pension scheme ahead of August’s management elections, Carlo Svaluto Moreolo offers an appraisal of his term and the issues that the new team will have to focus upon
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News
Cometa to revamp board after departure of chairman
Italy’s largest private pension scheme to overhaul board this summer as Fabio Ortolani leaves.
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Country ReportItaly: Caution over reform
The proposal for a €1bn government fund investing in SMEs has re-ignited the debate on pension fund investment limits. Carlo Svaluto Moreolo finds pension fund representatives cautious, but ready to argue the case for reform
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Country Report
Italy: Fondo Cometa: Activist investor
Fondo Cometa, Italy’s largest pension fund with €5.2bn in assets, is discussing terms to implement its new activist investment strategy for domestic equities. Carlo Svaluto Moreolo reports
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News
First-quarter results mixed for Italian private pension funds
ITALY – The Italian private pension fund sector showed mixed signs in terms of growth of members and assets in the wake of recent volatility in the financial markets.
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News
European Commission calls on Italy to raise retirement age for women
ITALY – The European Commission (EC) has urged the Italian government to increase the minimum retirement age for women in a bid to speed up the reform of the country’s retirement laws.
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News
Fondo Cometa completes investment manager overhaul
ITALY - Fondo Cometa, Italy’s largest pension fund, has appointed nine managers for its €5.2bn portfolio, following a review of its investments.
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Country Report
Three into one doesn’t always go
Everyone agrees that pension fund mergers are a good idea. But doing something about it is another matter, finds Carlo Svaluto Moreolo
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News
TFR struggles to maintain momentum
[16:50 CEST 01-04] ITALY - Figures released by MEFOP, the Association for the Development of the Italian Pension Fund Market, present a confused picture of the development of second-pillar pension provision in Italy.
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Features
Italian regulator urges mergers
The new head of Italy’s pensions regulator has made it clear that a consolidation of pension funds is necessary for the future of the industry.
